RBI imposes ₹4.8 crore fine on BPTP over FDI diversion

The Reserve Bank of India has announced a hefty fine of ₹4.8 crore against BPTP Ltd due to breaches of FEMA regulations concerning foreign direct investment from the years 2007 and 2008. The company will pay ₹4 crore, and its two directors will each incur a penalty of ₹40.36 lakh.